NEW YORK Luxury steakhouse operator Smith & Wollensky Restaurant Group Inc. has agreed to be purchased by the high-end Patina Restaurant Group LLC for about $79.6 million in cash, or $9.25 per share. The transaction comes about a month after Landry's Restaurant Group of Houston offered to acquire "through merger or otherwise" the New York-based steakhouse company for about $65 million or $7.50 per share. Under the deal disclosed Monday, Patina would subsequently sell all of S&WRG's ...
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Contact: Desiree Torres Desiree.Torres@penton.com